August 29th 2019 - Louisiana Technology Park Member Company Wins Virtual Reality Air Force Grant
FOR IMMEDIATE RELEASE
CEO, King Crow Studios
Louisiana Technology Park Member Company Wins Virtual Reality Air Force Grant Baton Rouge, La.,
Thursday, August 29, 2019 — King Crow Studios, a digital media company in the Louisiana Technology Park won a United States Air Force Phase I SBIR contract. The contract tasks King Crow with designing virtual reality (VR) prototypes for training and simulation to reduce training times, see training scores surge and increase the number of trainees feeling better prepared. "Virtual reality training offers our video game developers the ability to utilize their existing skill-sets in a different environment while still using the same tools," said Cody Louviere, CEO of King Crow Studios. "The experience gained from previous projects directly represents how we can have a competitive advantage when designing and developing VR training modules." The Louisiana Technology Park and King Crow Studios teamed up with Grind Capital, a venture capital firm based in Ruston, Louisiana to win the first phase in hopes of getting a phase two which could be worth $1.5 million. “When Grind Capital began working with USAF to identify and accelerate small businesses with innovative solutions to problems faced by industry and DoD, AR and VR for Training/Simulation was at the top of our list,” said Brent Upshaw, Venture Partner with Grind Capital. “With commercial and DoD Simulation needs expected to double again over the next 10 years, companies with existing AR and VR solutions have a significant, early mover advantage.” Louviere, has begun working with the USAF Simulators Program Office to design prototypes for their simulation needs. King Crow Studios was ultimately selected as Grind Capital’s partner on this contract due to their track record in virtual reality development, and their flexible approach to the process.
“We met Cody and were blown away with the flexibility in their business model and the overall solution, a step system used by developers to build immersive and gamified learning experiences,” said Upshaw. “Our product team at Precision Procurement Solutions tested their existing solutions and prototypes and worked with Cody and his mentors at Louisiana Technology Park to acquire a USAF Phase 1 SBIR Prime Contract.” Following the achievement of earning the Phase I contract, Grind Capital and King Crow Studios have their sights set on earning a coveted Phase II contract, but according to Upshaw, this victory represents something bigger for the state of Louisiana overall. “Community developers stewarding innovation in gravity wells like Louisiana Technology Park play a huge role in our state’s ability to seize these opportunities,” said Upshaw. “That creates jobs and opportunities for the talent pipeline for emerging technologies in our state.”
About the Louisiana Technology Park:
The Louisiana Technology Park (LTP) is one of the South’s premier business incubators providing resources for high-tech start-up companies to bring their products and services to market faster and more effectively.